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in its deficit reduction programs but it needs to do something else but what they don't explain is how doing something else can we make consistent with a reduction in government borrowing. you know government produces borrowing they say must reduce its borrowing then it's hard to know how it's going to do something else because unless it raises taxes for example that may be an alternative but very few people are advocating that taxes should go up so they're in this sort of halfway position a more or less there's no alternative to. but astaire it isn't a growth policy therefore the government should do something else but when it when you actually asked them what should it do they get all vague. i think they should cancel a lot of the a stereotype policy i think they should cancel the cuts in capital spending particularly and because of that that those schemes were ready to run when the coalition took office and they have been put into cold storage they could be this is buildings building schools building and building houses hospitals all these projects that were canceled because the gov
in its deficit reduction programs but it needs to do something else but what they don't explain is how doing something else can we make consistent with a reduction in government borrowing. you know government produces borrowing they say must reduce its borrowing then it's hard to know how it's going to do something else because unless it raises taxes for example that may be an alternative but very few people are advocating that taxes should go up so they're in this sort of halfway position a...
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stair a key was seen to be working as soon as the government committed itself to a credible plan of deficit reduction everything else would perk up there'd be so much confidence that the economy would start growing again but that was wrong because it's real factors not just psychological factors psychological factors are very important but it's the real factors the real market that is available to businessmen that cause them to want to increase. their business and the government was shrinking the market by its policy so it could talk up the economy all it wanted but the policies were pointing in a different direction austerity we now know hits the poor significantly harder than the rates presumably that means that during this recess and the gap between the rich and the poor well why didn't even fire yeah that's that's already happening real real incomes have been going down because prices have been going up a bit and of course welfare benefits are being slashed. a lot of a lot there are lots of cuts in the public services and the rich are better able to insulate themselves against some of t
stair a key was seen to be working as soon as the government committed itself to a credible plan of deficit reduction everything else would perk up there'd be so much confidence that the economy would start growing again but that was wrong because it's real factors not just psychological factors psychological factors are very important but it's the real factors the real market that is available to businessmen that cause them to want to increase. their business and the government was shrinking...
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Oct 12, 2012
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he will continue to attract the deficit. he'll look at the tax reform which i think is very important, if you get any help from the republicans whatsoever which he got none of for the last two years we'll see real tax reforms and the implication of the tax codes and he'll get his jobs bill passed if the congress will cooperate which they haven't done for two years. >> tom stemberg, your reaction to howard's definition here and your agenda? larry, when you've been in office for four years, you shouldn't be evaluated on your plans. you should be evaluated on your performance, it's at best, d-minus and our jobs situation are running trillion dollar deficits and america's dollar and the stock price, if you will, is at an all-time low and that's not a good record. >> excuse me, our stock price is up tremendously since barack obama took office. wall street's done really well. the reason is corporate profits. >> our currency. >> our economy is recovering and the people know it. >> thank you very much. tom stemberg, ceo of staples.
he will continue to attract the deficit. he'll look at the tax reform which i think is very important, if you get any help from the republicans whatsoever which he got none of for the last two years we'll see real tax reforms and the implication of the tax codes and he'll get his jobs bill passed if the congress will cooperate which they haven't done for two years. >> tom stemberg, your reaction to howard's definition here and your agenda? larry, when you've been in office for four years,...
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Oct 13, 2012
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we have a trillion deficit. why are we reducing tax rates at all. let's use it to our deficit reduction rather than lowering rates at the top. >> you know this as i did. when biden kept talking about raising taxes for people making a million or more as opposed to $250,000. >> that's a chuck schumer idea as well coming from new york. >> but all this should tell us is that before people go to the voting boothss, they're not going to know the answers to these questions. everyone would like to know the answers to these questions, but you have professional groups disagreeing about the economic impact of these things. so we don't really know. >> we have more clarity on the spending side where romney has said he wants to limit federal spending which would mean significant reductions in what the federal government does on a whole variety of fronts. even romney has said $500 billion a year in cuts by 2016. so that is a major difference that's out there. >> that's easier said than done as we know from covering congress for many years. >> and big bird is obvio
we have a trillion deficit. why are we reducing tax rates at all. let's use it to our deficit reduction rather than lowering rates at the top. >> you know this as i did. when biden kept talking about raising taxes for people making a million or more as opposed to $250,000. >> that's a chuck schumer idea as well coming from new york. >> but all this should tell us is that before people go to the voting boothss, they're not going to know the answers to these questions. everyone...
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get this deficit and debt under control. make trade work for america. champion small businesses, do not raise taxes on small businesses. they are our job creators. he talks about detroit. mitt romney is a car guy. this is a guide who i was talking to a family in massachusetts the other day. their kids of work hid in a car crash. two of them were paralyzed. they went to the same church. mitt asked if he could come over on christmas. he brought his boys and his wife and deaths. i know you are struggling, do not worry about college, i will pay for it. mitt romney does not tell these stories. it was not the cash, he gave his time and he has consistently. this is a man who gave 30% of its income to charity, more of the two of us combined. he is a good man. he cares about 100% of americans in the country. the vice president knows that sometimes the words did not come out of your mouth the right way. [laughter] >> i always say what i mean. >> we want everybody to succeed. we want to get everybody out of poverty. we believe an opportunity. that is what we're go
get this deficit and debt under control. make trade work for america. champion small businesses, do not raise taxes on small businesses. they are our job creators. he talks about detroit. mitt romney is a car guy. this is a guide who i was talking to a family in massachusetts the other day. their kids of work hid in a car crash. two of them were paralyzed. they went to the same church. mitt asked if he could come over on christmas. he brought his boys and his wife and deaths. i know you are...
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the federal deficit has hit $1.1 trillion now for fiscal 2012. this is the fourth year in a row. that won't help us, that's for sure. our fourth story, developing story, two suspects from tunisia are being questioned tonight in connection with the murders of chris stevens and three other americans. jill daugherty has been digging into the story and is with us tonight. >> well, on this particular incident, we don't know a whole lot of detail, but we know those two men, they are being questioned in turkey. and the understanding is that they were somehow allegedly tied to the attack in libya. now, they were on the watch list that the u.s. compiled. that was given to the turks and the turks picked them up, apparently came into the country this week and the fbi is hoping they will have some type of access to them. >> questioned them already, but would like to have a chance to. >> right. >> there was also another development today in this investigation. this e-mail between the state department and the team benghazi surfaced. what do we know about that? >> well, this is part of, you kno
the federal deficit has hit $1.1 trillion now for fiscal 2012. this is the fourth year in a row. that won't help us, that's for sure. our fourth story, developing story, two suspects from tunisia are being questioned tonight in connection with the murders of chris stevens and three other americans. jill daugherty has been digging into the story and is with us tonight. >> well, on this particular incident, we don't know a whole lot of detail, but we know those two men, they are being...
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we believe millionaires should pay their fair share in order to reduce the deficit. jon: but isn't it true that the president's, isn't it true that the president's tax plans calls for increasing taxes on those, $250,000? >> he was providing an example of who he asked to pay their fair share in order to reduce the deficit. if you make $250,000, or less, your taxes won't go up. that is contrast with governor romney and congressman ryan who charged the average middle class family with kids $2,000 in order to pay for their tax cut for the wealthiest americans. jon: i want to play a quick clip from my colleague chris wallace and get your reaction. >> i think i have watched almost every presidential and vice-presidential debate since the first four kennedy-nixon debates in 1960, thinking back over the last few minutes i don't believe i have ever seen a debate in which one participant was openly disrespectful of the other as biden was to paul ryan tonight. that's what it was. you can talk about the smirks, smiles, head shaking, the mugging, it was openly, contemptuous and d
we believe millionaires should pay their fair share in order to reduce the deficit. jon: but isn't it true that the president's, isn't it true that the president's tax plans calls for increasing taxes on those, $250,000? >> he was providing an example of who he asked to pay their fair share in order to reduce the deficit. if you make $250,000, or less, your taxes won't go up. that is contrast with governor romney and congressman ryan who charged the average middle class family with kids...
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and we're in yemen and all these places and this is at a staggering cost which is causing the budget deficit we have a national security budget without one going to rouge trillion dollars. taking over the entire program and mentioning everything i want to mention so let me go to christopher's so everything's constructed consensus is already constructed before people vote this is essentially what bruce is saying. i totally disagree with bruce and with nicholas i think there's a huge choice a huge difference in the outcome of this election if romney wins if the republicans win the white house they will also probably keep the majority in the house and wins a majority in the senate and if the republicans control all the important political positions the white house the senate and see house then you will see a huge difference america has a huge dept more than sixteen billion dollars that is more than one hundred percent of g.d.p. and the next four years will be about who pays for that and i can tell you it will be a huge difference was obama controls the white house or mitt romney controls the wh
and we're in yemen and all these places and this is at a staggering cost which is causing the budget deficit we have a national security budget without one going to rouge trillion dollars. taking over the entire program and mentioning everything i want to mention so let me go to christopher's so everything's constructed consensus is already constructed before people vote this is essentially what bruce is saying. i totally disagree with bruce and with nicholas i think there's a huge choice a...
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is actually the deficit even going up so they're not doing what they estimated they wanted the budget to be so. and we also have the fed cheerleading that just you know think about that for a second with the fed really be pressing congress this way if the economy was was a lot stronger so no there's economic weakness everywhere it shows up in the participation rate it shows up in the fed sure lading as easily joseph in bed panic which i think we talked about any i.m.f. is way off the mark here they're going to be lowering these gas prices i love that the headline is that the i.m.f. downgrades forgot to say these are still far too rosy we just have a minute but no one nation that the i.m.f. upgraded with the u.s. and as you said you think the u.s. is in recession we talked about that before others i talk to you think a u.s. recession is baking a cake so what gives with i.m.f. . but related to roberta you ordered a little bit of rebirth so there you go late to every party but you are very much here for the party i really appreciate you being on the show and expounding upon all of this f
is actually the deficit even going up so they're not doing what they estimated they wanted the budget to be so. and we also have the fed cheerleading that just you know think about that for a second with the fed really be pressing congress this way if the economy was was a lot stronger so no there's economic weakness everywhere it shows up in the participation rate it shows up in the fed sure lading as easily joseph in bed panic which i think we talked about any i.m.f. is way off the mark here...
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that is a big problem but when you come to the question what are they willing to do to cut the deficit then for the republicans it's even worse they want to slash taxes for the rich and obama and the democrats want to raise taxes for the people who can really afford to pay a little bit more ok because of your last word before we go and before we go to the break or hand gentlemen. well the facts are that we don't know what obama would do a second term in the first term is very constrained to a large extent by getting elected in a second term and the other one people overlook is they see obama as a standard mainstream american that they grew up in hawaii in a very different culture we don't know what barack obama really expects that is quite possible that he's a populist on the scale ok gentlemen we have to go to a short break and after that shot break we'll continue our discussion on the us political system stay starting. and you can. see. wealthy british scientists are saying it's not time to time. markets finance scandals find out what's really happening to the global economy for our
that is a big problem but when you come to the question what are they willing to do to cut the deficit then for the republicans it's even worse they want to slash taxes for the rich and obama and the democrats want to raise taxes for the people who can really afford to pay a little bit more ok because of your last word before we go and before we go to the break or hand gentlemen. well the facts are that we don't know what obama would do a second term in the first term is very constrained to a...
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Oct 12, 2012
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we have had four deficits. a debt crisis is coming. we cannot keep spending and borrowing like this. we cannot keep spending money we do not have. leaders fix problems. president obama has not put a credible plan on the table in any of his four years. i passed two budgets to deal with this. mitt romney has put suggestions out. we ask for a plan, they sent a press secretary. they give us a copy of the speech appeared be asked with the plan was to prevent a debt crisis. they said, a speech. we cannot estimate speeches. that is what we get, speeches. we are not getting leadership. mitt romney is qualified to fix the problems. his lifetime of experience is, what do we have for a president? he broke his promise to bring people together to solve the biggest problems. i would tell him we do not have to settle for this. >> i hope i will get equal time. >> you will get a few seconds, really. >> the two budgets the congressman has introduced have even serrated all of the things the middle-class has cared about. it will kick 200,000 children off
we have had four deficits. a debt crisis is coming. we cannot keep spending and borrowing like this. we cannot keep spending money we do not have. leaders fix problems. president obama has not put a credible plan on the table in any of his four years. i passed two budgets to deal with this. mitt romney has put suggestions out. we ask for a plan, they sent a press secretary. they give us a copy of the speech appeared be asked with the plan was to prevent a debt crisis. they said, a speech. we...
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, but it also will be mindful of the education deficit, also mindful of the infrastructure deficit and mindful of the competitive deficit, and we have to recognize there's many different kinds of deficits of which the financial deficit is only one. >> i think that's a fantastic ending for your talk today. thank you so much, larry. [applause] >> two presidential debates coming up. >> defense secretary says the u.s. space has the possibility of a close cyber pearl harbor that could shut down the transportation system, military networks, and military systems. secretary panetta's remarks came yesterday in new york city. >> frank, five words. you deserve to be here. [applause] ladies and gentlemen, it is now and high honor to introduce the most talented, versatile, and experienced leaders in american government, a man who serves our country by meeting the extraordinary challenges of our times. i am sure secretary of defense, leon panetta thinks on his days in the u.s. army intelligence where he received the army accommodation metal. he chaired the house budget committee before moving on to
, but it also will be mindful of the education deficit, also mindful of the infrastructure deficit and mindful of the competitive deficit, and we have to recognize there's many different kinds of deficits of which the financial deficit is only one. >> i think that's a fantastic ending for your talk today. thank you so much, larry. [applause] >> two presidential debates coming up. >> defense secretary says the u.s. space has the possibility of a close cyber pearl harbor that...
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we have had four budgets, four trillion dollar deficits. we can't keep spending and borrowing like this. we can't be spending money we don't have. leaders run the problems and fix problems. president obama has not put a credible plan on the table in any of his four years to deal with the debt crisis. romney put ideas on the table. we have to tackle the crisis before it tackles us. we asked his budget office, can you see the plan? he gave us a copy of the speech. tell us what president obama's plan is, they say it is a speech. we can't estimate speeches. that is what we get with this administration. the speeches, but no leadership. mitt romney is uniquely qualified to fix these problems. and what do we have? the president broke his big promised to bring people together to solve the country's biggest problems. we don't have to settle for this. i hope i will get equal time. >> you will get a few seconds, really. >> the two budgets have eviscerated all the things the middle class cares about. it will mock 19 million people off of medicare and k
we have had four budgets, four trillion dollar deficits. we can't keep spending and borrowing like this. we can't be spending money we don't have. leaders run the problems and fix problems. president obama has not put a credible plan on the table in any of his four years to deal with the debt crisis. romney put ideas on the table. we have to tackle the crisis before it tackles us. we asked his budget office, can you see the plan? he gave us a copy of the speech. tell us what president obama's...
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will miss its deficit targets this year for leader of the u.k. and dependents party says david cameron's policies are not bringing any meaningful change to the recession ravaged economy. you know when david cameron talks about a stare as he what he fails to tell you is that we continue every year to run a massive budget deficit and by the end of his five years as prime minister but nationally deaths in the u.k. will have increased by fifty percent so i think we'll have an entirely false debate david cameron is calling the british public into thinking that he's actually really cutting back at the levels of debt you know and it's not true i think that the david cameron and george osborne combination. together a coalition telling us they were going to deal with debt in this country they have absolutely failed to do so they haven't dealt with the deficit they haven't got growth coming back into the british economy a lot of the thing is a dramatic failure and unless things turn around that i think the conservative party is in for a really terrible res
will miss its deficit targets this year for leader of the u.k. and dependents party says david cameron's policies are not bringing any meaningful change to the recession ravaged economy. you know when david cameron talks about a stare as he what he fails to tell you is that we continue every year to run a massive budget deficit and by the end of his five years as prime minister but nationally deaths in the u.k. will have increased by fifty percent so i think we'll have an entirely false debate...
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Oct 7, 2012
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to make a deficit neutral. if you actually run the numbers, which we have, if you take away every single tax break high- income people get, they still are better off with a rate reduction of 20%. the rate reduction is worth more to them that all of the deductions they get. if he sticks with the 20% rate reduction, high income people will see their taxes go down. if he will make his plan deficit neutral, he will have to raise taxes somewhere else. host: let's look at details of mitt romney's plan. he is calling for a permanent across-the-board 20% cut in marginal rates. it also maintains current tax rates on interest, dividends, and capital gains. eliminating taxes on adjusted gross income below $200,000. he would eliminate the estate tax and repeal the amt. jump into some of the other mentions for guest: us repealing the alternative minimum tax is something economists would like. it is a parallel tax system. in principle every american has to compute their taxes two ways. they have to pay whichever amount is hi
to make a deficit neutral. if you actually run the numbers, which we have, if you take away every single tax break high- income people get, they still are better off with a rate reduction of 20%. the rate reduction is worth more to them that all of the deductions they get. if he sticks with the 20% rate reduction, high income people will see their taxes go down. if he will make his plan deficit neutral, he will have to raise taxes somewhere else. host: let's look at details of mitt romney's...
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is protected it confirms that we've had trillion dollar deficits the last four years should we trust the cvo numbers now it's like they conveniently pick and choose there doesn't need to the job truth is they don't exist i agree with s.e. i mean politico optically this looks good politically for the president's below eight percent it kind of takes it disarms a republican to say forty four straight months of unemployment above eight percent but really the numbers still suck i mean you've got your six which is still about fourteen percent these are all the wage jobs but this isn't because of barack obama i mean this is going to be there and don't forget also you know you think that this just suddenly happen from poor years that we're in this collapsing economy that there's no jobs through there is on this panel right now it's disingenuous to say that these job numbers are so disasters of the over that the president cooked the books on these the job numbers are fairly clear but the thing is is that if you look at obama's mindset between two thousand and eight obama and two thousand and
is protected it confirms that we've had trillion dollar deficits the last four years should we trust the cvo numbers now it's like they conveniently pick and choose there doesn't need to the job truth is they don't exist i agree with s.e. i mean politico optically this looks good politically for the president's below eight percent it kind of takes it disarms a republican to say forty four straight months of unemployment above eight percent but really the numbers still suck i mean you've got...
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. >> if it's true that it's not going to add to the deficit, that leaves only one option and that's asking middle class families to foot bill. >> reporter: the president's charge of a $5 trillion tax cut is obviously inaccurate and wrong. >> reporter: romney also in ohio mocked the obama campaign's mocking his plan to cut funds for pbs. >> big bird. >> big bird. >> big bird. >> he's focused on saving big bird. kind of a strange thing in my view because you see i'm focused on helping the american people get good jobs. >> reporter: sesame's street now asked the obama campaign to pull the big bird ad, yet there are weightier questions here as congress looks in to whether the u.s. was warned of the deadly libya attack. >> twice in the six month lead up, you had bombings at our compound there in benghazi and it's 9/11 in libya. what other warnings do you need? >> reporter: warnings of trouble now for president obama, romney's closing the gap. the latest polls, reuters has them tied. gallup has romney up by two. pew has him up by four. and we were talking about the polls in the balgtd ground sta
. >> if it's true that it's not going to add to the deficit, that leaves only one option and that's asking middle class families to foot bill. >> reporter: the president's charge of a $5 trillion tax cut is obviously inaccurate and wrong. >> reporter: romney also in ohio mocked the obama campaign's mocking his plan to cut funds for pbs. >> big bird. >> big bird. >> big bird. >> he's focused on saving big bird. kind of a strange thing in my view because...
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Oct 14, 2012
10/12
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he promised to cut the deficit in half four years. we have had four budgets, four trillion-dollar deficits. a debt crisis is coming. we can't keep spending and borrowing money we don't have. leaders run to problems to fix problems. president obama has not put a credible plan on the table in any of his four years to deal with the debt crisis. i have passed two budgets to deal with it. mitt romney has put five years on the table. we have to tack thel debt crisis before it tackles us. the president likes to say he has a plan. he gave a speech. we asked the budget office, can we see the plan? he gave us a copy of the speech. we asked the cbo, tell us about the budget. they said, it's a speech. we can't estimate speeches. you see? that's what we get in the administration, speeches. we are not getting leadership. mitt romney is uniquely qualified to fix these problems. his lifetime of experience, his proven track record of bipartisanship. and what do we have from the president? he broke the big promise to bring people together to solve the
he promised to cut the deficit in half four years. we have had four budgets, four trillion-dollar deficits. a debt crisis is coming. we can't keep spending and borrowing money we don't have. leaders run to problems to fix problems. president obama has not put a credible plan on the table in any of his four years to deal with the debt crisis. i have passed two budgets to deal with it. mitt romney has put five years on the table. we have to tack thel debt crisis before it tackles us. the...
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president, you are going to have a trillion dollar deficit. he said, i haven't done anything yet. >> we cannot keep looking our children in the eye knowing that we are going to give them a diminished future because we are spending their money today. it's a very simple idea. mitt romney and i are going to bring it to washington. we have got to spending money we don't have. we must cut spending. we must get a balanced budget. we must get this debt under control. >> this thursday night, congressman paul ryan and vice president joe biden will face off in a debate. you can watch and engauge with c-span with our life debate preview starting at 7:00 eastern. your actions, calls, e-mails, and tweets at 10:30 following our live coverage on c-span, c-span radio, and online at c-span.org. >> sunday a debate in the u.s. senate between linda mcmahon, republican, and representative chris murphy, democrat. ú >> i will not raise taxes on middle income families. >> now he says five weeks before the election, his big, bold idea, is never mind. >> it's arithme
president, you are going to have a trillion dollar deficit. he said, i haven't done anything yet. >> we cannot keep looking our children in the eye knowing that we are going to give them a diminished future because we are spending their money today. it's a very simple idea. mitt romney and i are going to bring it to washington. we have got to spending money we don't have. we must cut spending. we must get a balanced budget. we must get this debt under control. >> this thursday...
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get the deficit and debt under control to prevent a debt crisis. make trade in america and sell things overseas and champion small businesses. don't raise taxes on small businesses because they are our job creators. he talks about detroit. mitt romney's a car guy. they keep misquoting hip. let me tell but the mitt romney i know. this is a guy who i was talking to a family in north borough, massachusetts, sherylin mark-nixon. their kids were hit in a car crash, four of them. two of them were paralyzed. the romneys didn't know them. they never met. mitt asked to come over for christmas. he brought his boys, his wife and gifts. later on, he said, i know you are struggling, mark, don't worry about their college, i will pay for it. when mark told me this story -- mitt romney doesn't tell these stories. the nixons told me this story. when he told me the story, it wasn't the cash help, it's that he gave his time and he has consistently. this is a man who gave 30% of his income to charity, more than the two of us combined. mitt romney's good man. he cares
get the deficit and debt under control to prevent a debt crisis. make trade in america and sell things overseas and champion small businesses. don't raise taxes on small businesses because they are our job creators. he talks about detroit. mitt romney's a car guy. they keep misquoting hip. let me tell but the mitt romney i know. this is a guy who i was talking to a family in north borough, massachusetts, sherylin mark-nixon. their kids were hit in a car crash, four of them. two of them were...
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>> it wasn't a five-point plan, it was a five-point set of platitudes, he wants to prove training, deficit, and trade. but not how he would. other than what his end goals were. >> interesting, wolf. some of the frustration people had, there weren't lots of specifics in this debate. and, in fact, i know you will talk about the low points. smu professors saying this is the number one debate in terms of the number of low points as scored by the focus group that they've done in the past six years. >> i want to do that right now, erin. the low points of the debate for joe biden and paul ryan. vice president, came around 9:10 p.m. eastern, near the top of the debate. explaining the attack on the u.s. consulate in libya. >> we weren't told we want more security. we didn't know they wanted more security. by the way, at the time, we said exactly what the intelligence community told us, that they knew. that was the assessment. and as the intelligence community changed their view, we made it clear they changed their view. we said we will get to the bottom of this. >> the vice president's lowest momen
>> it wasn't a five-point plan, it was a five-point set of platitudes, he wants to prove training, deficit, and trade. but not how he would. other than what his end goals were. >> interesting, wolf. some of the frustration people had, there weren't lots of specifics in this debate. and, in fact, i know you will talk about the low points. smu professors saying this is the number one debate in terms of the number of low points as scored by the focus group that they've done in the past...
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deficit-reduction has to be balanced. there's no way to do this without spending cuts and some additional revenue. linda mcmahon signed this pledge to grover norquist saying that she would never vote for any revenue increases into the federal government. we do not need to send someone to washington who will be part of the obstruction. we need to bring people together and recognize you have to be serious about spending cuts. the approach has to be balanced. >> we cannot close the dead by not reducing spending. what he describes is a very dim view of the american economy. my plan will cut taxes for the middle class and put them back to work. they will have money in their pockets. they will pay more + taxes. it is growth in the economy. my plan is a pro-growth plan. we make our businesses competitive. we allow our job traders to continue to create jobs. our economy will grow. we have deficit reduction. we put people back to work. when people have money in their pocket, they buy more goods and services. when they buy more goo
deficit-reduction has to be balanced. there's no way to do this without spending cuts and some additional revenue. linda mcmahon signed this pledge to grover norquist saying that she would never vote for any revenue increases into the federal government. we do not need to send someone to washington who will be part of the obstruction. we need to bring people together and recognize you have to be serious about spending cuts. the approach has to be balanced. >> we cannot close the dead by...
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Oct 11, 2012
10/12
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bye getting the deficit down is the essential for those things. that is why our deficit reduction plan is not an alternative to a great plan, it is the very foundation of our great plan. it is the only way that we will get to britain on the rise. now, i know that you are asking whether our plan is working and here is the truth. the damage was worse than we thought and its taking longer than we hoped. the world economy, especially in the year autozone has been much weaker than expected in the last two years. some of your big trading partners like spain, ireland, italy are separating less by us. it makes it harder for us to pay off our debt. but here is the crucial thing you need to know. yes it is worse than we thought and yes it is taking longer but we are making progress thanks to the good result of george osborn we've cut off the deficit. 25%. that has helped to keep our interest rates at record low levels. keeping the market is low. more money in your pockets, giving businesses more confidence to invest, creating more jobs. and if you don't bel
bye getting the deficit down is the essential for those things. that is why our deficit reduction plan is not an alternative to a great plan, it is the very foundation of our great plan. it is the only way that we will get to britain on the rise. now, i know that you are asking whether our plan is working and here is the truth. the damage was worse than we thought and its taking longer than we hoped. the world economy, especially in the year autozone has been much weaker than expected in the...